Exercise 11-32 Goodwill valuation and impairment:Chapters 10 and 11 [L011-8] On May 28, 2018, Pesky Corporation acquired all of the outstanding common stock of Harman, Inc, for $560 million. The fair value of Harman's identifiable tangible and intangible assets totaled $610 million, and the fair value of liabilities assumed by Pesky was $160 million Pesky performed a goodwill impairment test at the end of its fiscal year ended December 31, 2018. Management has provided the following information Fair value of Harman, Inc Fair value of Harman's net assets (excluding goodwill) Book value of Harman's net assets (including goodwill) 540 million 480 million 558 mil1ion Required: 1. Determine the amount of goodwill that resulted from the Harman acquisition. 2. Determine the amount of goodwill impairment loss that Pesky should recognize at the end of 2018, if any. 3. If an impairment loss is required, prepare the journal entry to record the loss. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Determine the amount of goodwill that resulted from the Harman acquisition and the amount of goodwill impairment loss that Pesky should recognize at the end of 2018, if any. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10) milion Goodwill Goodwill impaiement loss Req 3 >